As the first China new car manufacturer to be listed in the United States, Weilai Automobile has been talking about it constantly. Recently, some media released news that Geely Automobile plans to invest about 3 million US dollars in Weilai Automobile. In response to this news, Yang Xueliang, vice president of Geely Automobile Group, said, "I don't know about this and I don't comment on market rumors." On the other hand, Weilai Automobile said that it was "unable to comment".

although the two sides did not comment on this matter, they did not directly deny the possibility of this matter. At present, Weilai automobile is very short of money. Weilai's financial report shows that from Q3 218 to Q3 219, Weilai's net loss exceeded 2 billion yuan, and its revenue quota was less than half of the loss quota. Weilai's net loss in the third quarter was 2,521.7 million yuan (about 352.8 million US dollars). As of September 3, 219, the total amount of cash, cash equivalents, restricted cash and short-term investments held by Weilai Automobile was 1,96.7 million yuan (about 274.3 million US dollars), and the $1 million convertible bonds subscribed by Tencent in September have been counted.

On February 14, the documents submitted by Gaolin Capital to the US Securities and Exchange Commission (SEC) showed that as of December 31, 219, Gaolin Capital no longer held shares in Weilai Automobile. At the same time, on the same day that Gaoyan Capital announced that it had cleared the shares of Weilai Automobile, Weilai announced that it would issue and sell convertible bonds with a total principal of 1 million US dollars to the buyers in a non-public offering way, which was completed on February 16th.

Up to now, the total financing amount of all non-public convertible bonds announced by Weilai Automobile in 22 will reach 2 million US dollars upon completion.

Before Geely Automobile became a shareholder in Weilai Automobile, there was a rumor that "Guangzhou Automobile Group intends to invest in Weilai Automobile and plans to invest 1 billion US dollars". However, on January 16th, Guangzhou Automobile Group issued an announcement to clarify that the report was untrue. However, Guangzhou Automobile Group also said that even if the company participates in the future, it is expected that it will participate in the investment through some of its own funds through its subsidiaries. It is estimated that the total amount of its own funds and raised funds will not exceed 15 million US dollars.

as far as the current situation is concerned, the brand is the most attractive asset of Weilai automobile to domestic traditional automobile enterprises. Since its establishment, Weilai Automobile has carried out the image of electric vehicles in the pipeline section. With the mass delivery of ES8 and ES6, the image has been deeply rooted in people's hearts. For the traditional car companies that are vigorously developing new energy vehicles, this is what they lack.

Although both Weilai Automobile and Geely Automobile have denied the rumor that Geely Automobile has invested in Weilai Automobile, China Automotive News Network will continue to pay attention to this incident.

This article comes from the author of Chejia, car home, and does not represent car home's standpoint.